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Princes Chambers 2-12 Corporation St 22,705 SF 100% Leased Office Building Birmingham B2 4RN $4,884,668 ($215.14/SF) 10.36% Cap Rate
Investment Highlights
- Positioned at the heart of Birmingham's bustling city centre
- Situated on the corner of Corporation Street and New Street
- Offers unparalleled access to one of the UK's most dynamic retail and business environments
Executive Summary
A rare opportunity to acquire Birmingham City Council’s interest which hasn’t come to the market in 150 years. The scheme is situated in the heart of Birmingham City Centre and sits in close proximity to New Street Station.
The building extends to 5,715 sq m (61,517 sq ft), comprising of five ground floor retail units with the upper floors disposed of by way of a long leasehold.
The building extends to 5,715 sq m (61,517 sq ft), comprising of five ground floor retail units with the upper floors disposed of by way of a long leasehold.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
22,705 SF
Building Class
B
Year Built
1893
Price
$4,884,668
Price Per SF
$215.14
Cap Rate
10.36%
NOI
$506,052
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,356 SF
Building FAR
5.21
Lot Size
0.10 AC
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Storage Space
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Princes Chambers | 2-12 Corporation St
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